Aker ASA (Aker ASA) ROCE % : 9.33% (As of Dec. 2023)

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What is Aker ASA ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Aker ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.33%.

Aker ASA ROCE % Historical Data

The historical data trend for Aker ASA's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aker ASA ROCE % Chart

Aker ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.21

-1.71

2.42

12.93

0.98

Aker ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.41	31.64	-5.83	-6.25	9.33

Aker ASA ROCE % Calculation

Aker ASA's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	79.246	/	( ( (9843.929 - 1034.706)	+	(8412.896 - 1014.181) )	/ 2 )
	=	79.246	/	( (8809.223	+	7398.715)	/ 2 )
	=	79.246	/	8103.969
	=	0.98 %

Aker ASA's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	647.81	/	( ( (8915.75 - 2430.532)	+	(8412.896 - 1014.181) )	/ 2 )
	=	647.81	/	( ( 6485.218	+	7398.715 )	/ 2 )
	=	647.81	/	6941.9665
	=	9.33 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Aker ASA (OTCPK:AKAAF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Aker ASA ROCE % Related Terms

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Aker ASA (Aker ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aker ASA (OTCPK:AKAAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AKERo:Sweden AKER:Norway AKERo:UK 0MJX:UK FKM:Germany

Address

Oksenoyveien 10, Lysaker, Oslo, NOR, 1366

Website

https://www.akerasa.com

Aker ASA is an industrial investment company that develops businesses and exercises active ownership to create value for its shareholders and society at large. The portfolio has focused on companies in oil and gas, maritime assets, seafood/marine biotechnology, and real estate sectors. Investments are broken down into two portfolios; Industrial holdings are strategic assets and are managed with a long-term perspective. It comprises Aker's ownership interests in Aker BP, Aker Energy, Aker Solutions, Aker Horizons, Aker BioMarine, SalMar Aker Ocean, Cognite, and Aize, and Financial investments comprise cash, other assets, and the listed companies Akastor, AMSC, Philly Shipyard, and Solstad Offshore, in addition to ICP and Aker Property Group.

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